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On the surface, SFAS 158 does not change calculation of net periodic benefit cost (expense)

One possible exception is how companies with foreign plans might account for foreign currency translation of unrecognized gains/losses, prior service costs and transition amount when they are amortized into expense

The company classifies the entire $200 liability as a noncurrent liability since the fair value of the plan’s assets is sufficient to cover the present value of expected benefit payments over the next 12 months.

Dual Measurement: Calculate expense for period between old measurement date and fiscal year-end (adjustment to retained earnings) and then remeasure again at year-end to calculate annual expense

“15-month” Alternative (e.g. calendar fiscal and Sept 30 measurements): Use results at old measurement date to determine net periodic benefit cost for next 15 months. Three-fifteenths of this is adjustment to retained earnings and twelve-fifteenths is net periodic benefit cost